Dow-1.29% S&P-1.56% Nasdaq-1.58% Russell-2.28% VIX 24.11 (+7.88%)
US Market closed lower again pushed by Oil & pressure on the financial sector. WTI -5.8% closing @ $30.34. energy sector (-4.5%) was the worst-performing sector today and was followed by the materials (-3.3%) and financials (-2.3%) sectors. The telecom services (-0.3%), consumer staples (-0.8%), and utilities (-0.9%) sectors exhibited relative strength but still finished lower for the day. Today's participation was lighter than the recent trend with only one billion shares changing hands on the NYSE floor ahead of an heavy day of reporting tomorrow. US After Hours RMBS +7.1%, SWFT +4.8%, CR -4.3% following earnings/guidance, PETX+12.9% on New Drug filing, RLYP+10% on Phase1 LULU +1.8% on 5% stake. Asian equities are back in the red, tracking the final hour selloff on Wall St, as oil prices erased their Friday bounce to fall some 7% back below $30. Concern with oversupply in the energy space resurfaced as OPEC Sec Gen blamed non-members, while Iraq output hit record highs. The cloud of falling oil and the potential turmoil it creates in high-yield debt and emerging markets overshadowed 3-year high liquidity injection by the PBoC, which pumped in some CNY440B in 7 and 28 day repos. Chinese central bank also set Yuan higher for the 12th straight day, seeking to diminish concerns over outflows from the mainland, even as PBoC official Zhang reiterated there were no plans to lower RRR for the time being. in Japan, market is waiting for BOJ Decision on Friday. Econ Min Amari said he did not believe the BOJ will be as dovish in its intentions as ECB's Draghi, though he reiterated confidence in Kuroda to take appropriate measures. Hynix noted Q1 memory market demand would be uncertain amid seasonal weakness, but DRAM demand for PCs would improve in H2. Samsung SDI-13.4% on Q4 numbers.
--> WTI$ 29.48 -2.85%
Nikkei-2.35% Hang Seng -2.33% Shanghai -6.31%
Eur$ 1.0856 CNH 6.6196 CNY 6.5797 JPY 117.83 GBP 1.4214 CHF1.0127 RUB $81.38 WTI $29.48 (-2.82%)
S&P-0.48% EuroStoxx-1.54% Dax-1.38% SMI-0.81%
Macro :
- EU Regulators Said to Fine Japan Car Accelerator Cartel: Reuters
- Nexstar Said to Be Close to $2.3b Deal for Media General: NYP
Keep an eye on :
- ATLN VX : Actelion Gets Health Canada Approval for Uptravi
- AIR FP : Carlyle, KKR Favored for Acquisition Airbus Unit: Handelsblatt
- AIR FP : Airbus Defense Unit Sale Gets Green Light: Handelsblatt
- MT NA : ArcelorMittal Mothballs Steel Plant in Sestao, Spain: Telegraph
- BPE IM : Pop. Emilia Romagna Made Expression of Interest for Ferrara: MF
- BAYN GY : Bayer Would Look at Acquisitions in Agro-Chemicals: Handelsblatt
- BMW GY : BMW Recalls About 58,000 Vehicles in Japan for Air Bag Inflators
- DLG IM : De’Longhi 2015 Rev. Up About 9.5% to EU1.89b
- DB1 GY : Deutsche Boerse CEO Says Seize Low Rates to Spur Growth
- GWI1 GY : Gerry Weber FY15 Sales Rise 8%; Launches Program to Realign Co.
- GSK LN : Glaxo Studying Use of Vaccine Technology for Zika: Reuters
- HOME LN : Qatar May Back 170p Sainsbury Bid For Home Retail, Guardian Says
- ILD FP : Iliad Said to Approach Ofcom About Potential U.K. Entry: FT
- ITP FP : Interparfums Says 4Q Trading Slightly Above Expectations
- PHIA NA : Philips Sees Lumileds Valuation Concerns, Deal May Happen in 2H
- RNO FP : Nissan, Renault to Look for Cost Savings, Ghosn Says: Nikkei
- REP SM : Repsol to Sell Piped Gas Assets for EU136M
- SBRY LN : Qatar May Back 170p Sainsbury Bid For Home Retail, Guardian Says
- SIE GY : Siemens 1Q Order Rise 27% to EU22.8b
- SIE GY : Siemens 1Q Beat, Guidance Pleasant Surprise, Morgan Stanley Says
- SUNE US : SunEdison Holder Greenlight Held Talks; Reports 6.8% Stake 13D
- VOW3 GY : VW CEO Says Industry Must Rework Emission Tests Procedures